I need help with setting up a seller financing deal please

[Shawn Rogers II]

I have the opportunity to get a cash flowing fully rented tri-plex with seller financing for my first deal. Its an opportunity that could bring numerous other leads and I don't want to mess it up. It is in great shape and does not need any work up front. There are things I could do to the property to increase the amount income I would receive each month but they are not necessary to acquire the property.

We haven't sat down to talk about the specifics yet. With this being said I have three questions.

1) What would be the most beneficial way to structure the deal

2) Is it better to refinance as soon as possible or stretch out the seller financing as long as she would be comfortable with it

3) How to enter a deal like this into the BP calculator if I am not getting a traditional loan right away

Thank you in advance and I really appreciate your time. If this is not enough info to answer the questions please let me know.

Shawn Rogers II